在消费和政策支持的推动下,预计2026年印度的信贷增长将上升到12%,预期2027年将继续增长。 India's credit growth is projected to rise to 12% in 2026, driven by consumption and policy support, with continued expansion expected in 2027.

印度的信贷增长预计到2026财政年度将达到12%,到2027年将上升到13%,其驱动力是,在GST削减和诸如100基点CRR削减等扶持性政策之后,消费更加强劲。 India's credit growth is projected to reach 12% in fiscal year 2026 and rise to 13% in 2027, driven by stronger consumption following GST cuts and supportive policies like a 100-basis-point CRR reduction. 到2025年12月,信贷增长从5月的8.9%回升到同年的11.7%,自7月以来一直保持在10%以上。 Credit growth rebounded to 11.7% year-on-year by December 2025, up from 8.9% in May, and has stayed above 10% since July. 存款增长率保持稳定,每年约为9.7%-10%。 Deposit growth remained stable at around 9.7%–10% annually. 大型私人银行预计每季度增加3-4%的信贷,中型银行可能增长更快。 Large private banks are expected to grow credit 3–4% quarterly, with mid-sized banks potentially growing faster. 重订定期存款可能会在2026年底减轻供资费用,部分抵销25个基点回购利率的削减。 Repricing of term deposits may ease funding costs in late 2026, partially offsetting a 25-basis-point repo rate cut. 小企业和农村地区获得信贷的问题仍然令人关切,信贷 -- -- 存款差距扩大可能会对银行利润造成压力。 Concerns remain about credit access for small businesses and rural areas, and the widening credit-deposit gap could pressure bank margins.